TVS Motor Company Reports Profit Before Tax of INR 169.80 crore in Q3 of FY 2016-17

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TVS Motor Company reported a profit before tax of INR 169.80 crore in Q3 of FY 2016-17. The total revenue grew to INR 3239.55 crore in the quarter that ended in December 2016 as against INR 3151.12 crore recorded in the quarter that ended in December 2015. The company’s Profit Before Tax (PBT) registered a growth of 4.1 % to INR 169.80 Crores in the third quarter of 2016-17 as against INR 163.14 Crores in the third quarter of the previous financial year and Profit After Tax (PAT) increased by 10.4% to INR 132.67 crore in the quarter under review as against INR 120.21 crore in the corresponding period last year.

During the last quarter of December 2016, the overall two-wheeler sales of TVS Motor Company, including exports grew by 4% to 7.03 lakh units as against 6.76 lakh units registered in the quarter ended December 2015. Motorcycles sales registered 2.48 lakh units in the third quarter of 2016-17 as against 2.60 lakh units registered in the third quarter of 2015-16. Scooter sales during the quarter under review are 2.21 lakh units compared to 2.32 lakh units in the third quarter of 2015-16.

The Company exported 0.99 lakh units of two and three wheelers in the quarter under review as against 1.08 lakh units in the third quarter of 2015-16. Three wheelers registered sales of 16081 units in the quarter under review as against 26225 units in the third quarter of 2015-16.

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